Six-Step Approach to Capital Purchases

Author(s):

Crowder, C.P.M., Mark
Mark Crowder, C.P.M., Senior Consultant, BearingPoint Management & Technology Consultants, 706.676.7188; mark.crowder@bearingpoint.com
Hill, C.P.M., Mike
Mike Hill, C.P.M., Principal, Innovative Supply Management Solutions [ISMS], 904.755.2016; mike.hill@getisms.com

93rd Annual International Conference Proceedings - 2008 - St. Louis, MO

Abstract

Maximizing the value return of capital dollars is paramount in today's competitive market. Buying the wrong equipment or suffering delays in the delivery of equipment can have a lasting negative impact on the profitability of an operation. By following a six-step process the participants will learn how to achieve project savings and stakeholder satisfaction by using cross-functional teams, developing complete specs, defining project expectations, bi-lateral sourcing and negotiating.